Feeds

PalmSource forecasts Q3 breakeven

Big loss on rising revenue in Q2, though

  • alert
  • submit to reddit

The essential guide to IT transformation

Palm OS owner PalmSource yesterday reported revenues of $16.8 million for Q2 2004, its first fiscal quarter as company in its own right.

That figure marks a 13 per cent increase over the same period last year, at which point PalmSource was operating as an independent business within Palm, now renamed PalmOne following last October's split with PalmSource.

However, the gain wasn't enough to turn the company around. Quite the reverse: it lost $9.1 million (89 cents a share) during the quarter, which ended on 28 November, compared to an $8.3 million loss this time last year.

PalmSource's margins stand at 94 per cent, up from 81 per cent last year. During Q2, license and royalty revenues increased by 14 per cent to $15.5 million.

Looking ahead, PalmSource said it expects revenues to grow during Q3 to reach between $20 million and $22 million. It also expects its loss to shrink - we'd hope so, given those margins - to $2 million and possibly even to zero. ®

Related Story

PalmOne makes Q1 loss

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.